Elon Musk announces Twitter will welcome new female CEO in June
Elon Musk will become an executive chair and CTO of Twitter
If you don’t care about censorship, you don’t need a lot of people running Twitter: Elon Musk
Elon Musk shares with ‘Tucker Carlson Tonight’ why negative news has such an effect on people and how the majority of previous Twitter employees were used for censorship.
Twitter CEO Elon Musk on Thursday announced the company's next CEO will be a woman.
"Excited to announce that I’ve a new CEO for X/Twitter. She will be starting in ~6 weeks!" Musk exclaimed in a tweet on Thursday afternoon.
Musk did not specify the name of the next CEO. She is slated to start working in June.
The South African-born entrepreneur explained that he will still hold an executive position in the company. Musk will oversee major functions like product and software.
ELON MUSK SAYS TWITTER WILL SOON HAVE VOICE, VIDEO CALLING AND OTHER FEATURES
Tesla CEO Elon Musk smiles as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway, on Aug. 29, 2022. (CARINA JOHANSEN/NTB/AFP via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
"My role will transition to being exec chair & CTO, overseeing product, software & sysops," Musk added.
Musk’s announcement referenced X Corp., a privately-held company that Twitter merged into.
Twitter headquarters in San Francisco is seen on Nov. 4, 2022. (David Odisho/Getty Images / Getty Images)
The move comes as Twitter has undergone major changes over the past year. A report published earlier this month stated that Musk cut Twitter’s staff down to around 1,000 employees.
"The issue is, like, the company's going to go bankrupt if we do not cut costs immediately," Musk told BBC News in April. "This is not a caring, uncaring situation. It's like if the whole ship sinks, then nobody's got a job."
In this photo illustration, the Elon Musk Twitter account is displayed on a smartphone with the Twitter logo in the background. (Rafael Henrique/SOPA Images/LightRocket via Getty Images / Getty Images)
Musk completed the acquisition of Twitter in October, paying $44 billion for the social media platform. Since that time, he has laid off thousands of employees, including the communications department. Musk implemented a number of changes to the platform, that included eliminating "legacy bluechecks" — also known as verification badges. He added new features as part of Twitter's subscription platform, Twitter Blue, including the ability to post longer tweets, longer videos and editing capabilities.
Musk recently announced new features including, voice, video calls and encrypted direct messages.
Fox News’ Julia Musto contributed to this report.